Netflix


netflix
Netflix Stars
  • Launched On: August 29, 1997
  • Platform: Streaming
  • Founders:  Marc Randolph and Reed Hastings 

  • Netflix currently ranks as the top streaming service in the world, with more than 260 million subscribers.
How Netflix Started

While it was passed around for some time that Netflix was started in a college dorm room, that wasn’t the case.

The services founders had some experience in the tech space, at least before giving it the proverbial college try. In 1997, Reed Hastings and Marc Randolph teamed up to found Netflix, which began as a DVD-rental service that sent DVDs through the mail to subscribers.

They had considerable funding to start after Hastings’ previous company, Pure Atria, was acquired for $700 million. The idea was born while Hastings and Randolph were sharing rides to and from work around this time.

Netflix is big news in streaming now, but that’s not how they started. Back then Netflix was breaking news by being at the forefront of the DVD market, which was just emerging at the time. Though it would be a few years before those were able to overtake VHS tapes as part of the rental market, Netflix was well-positioned for the shift.

In its early years, Netflix also began to undo some of the common trends in the industry. Namely, they ditched the cost-per-rental model and instead went strictly to a subscription service, again being at the forefront of how the movie market would emerge in the coming years.

Who Owns Netflix Now?

If you’re wondering who owns Netflix now, that’s not a question that can be answered by one specific person.

To begin with, Reed Hastings had a 70% share in the initial company because his investment, at the time, was the largest. He was the decision maker in not selling to Amazon early on, which turned out to be more than a little positive in the long run.

However, in 2002 Netflix became a publicly traded company. To begin with, the stock went for $15 dollars per share.

So to determine who owns Netflix now, you’d have to ask who owns the most Netflix stock right now. For starters, Reed Hastings currently owns about 1% of all Netflix stock.

Hastings’ overall net worth is estimated to be around $2.6 billion dollars. A number that has to make him more than a little happy he didn’t take the $14 million offer from Amazon all those years ago.

According to the latest filings on this sort of thing, the largest owner of Netflix’s stock is The Vanguard Group which owns 32.5 million shares of Netflix.

That position is valued at right around $5.7 billion dollars. Behind them is BlackRock Fund Advisors with about 18.8 million shares and Capital Research & Management is right behind them with about the same amount. Those two own about $3.3 billion dollars each.

An initial $1,000 investment in Netflix back in 2002 would now be worth in the range of $14,000 today.

How Popular Is Netflix?

The average streamer has 4.7 current subscriptions, with Netflix subscriptions reportedly in 62% of households (according to Statista) who are using streaming services. Following them was Amazon Prime Video, which has a built-in advantage for this number seeing as how this service is tied to their Amazon Prime subscription.

Who owns the streaming market isn’t a clear answer with Netflix anymore. Their grip is shrinking even though they are still a total giant.

Over the years, Netflix has put out some of the best series television and streaming has to offer. Some of the series like Stranger Things and Squid Game have become massive performers for the platform.

And the hits are still coming for the streamer with Netflix continuing to push the content envelope.

Jump directly to different Netflix series to see the casts for each and news for every actor.

Stranger Things Cast News
The Witcher Cast News
Wednesday Cast News
Outer Banks Cast News
Bridgerton Cast News

Netflix might be known more for its series franchises, but its had plenty of huge movies on the streamer as well.

And the hits are still coming for the streamer with Netflix continuing to push the content envelope.

Netflix News For Each Movie Franchise

Jump directly to different Netflix movies to see the casts for each and news for every actor.

Enola Holmes Cast News
Red Notice Cast News
The Gray Man Cast News
Extraction Cast News

Latest Netflix News


hilary swank cobra kai season 5

Cobra Kai Movies On The Way?

William Zabka of Cobra Kai has revealed the plans for a trilogy of films to follow the show.

2 years ago

all quiet on the western front

See The Netflix Remake Of The Best War Movie

Netflix is doing a modern version of All Quiet on the Western Front, one of the most classic war movies of all time.

2 years ago

cyberpunk: edgerunners

See A Video Game Come To Life In The Cyberpunk: Edgerunners Trailer

CD Projekt Red, the studio behind Cyberpunk 2077, has now launched a new series. The series is called Cyberpunk: Edgerunners, and shows the video game come to life.

2 years ago

jason bateman taron egerton

Jason Bateman And Taron Egerton Cast In New A Netflix Thriller

Jason Bateman and Taron Egerton are teaming up for a new Netflix thriller that could be one of the streamer’s best

2 years ago

sandman hbo series tom sturridge

The Sandman: How Has Neil Gaiman’s Series Performed On Netflix?

Here is everything we know about the upcoming Sandman series on Netflix.

Tom cruise

A Bizarre Tom Cruise Flop Just Arrived On Netflix

Tom Cruise gave maybe his most committed performance ever in this deeply bizarre movie newly arriving on Netflix.

2 years ago

denzel washington

A Controversial Denzel Washington Drama Is Being Added To Netflix

Denzel Washington had a great run in the early 2000s, but this movie only feels weirder and weirder as time goes on.

2 years ago

stranger things metallica

Stranger Things Fans Are Turning On The Show

Stranger Things is the latest franchise to be turned on by its own fans, but the reason this time is a bit surprising.

2 years ago

mark wahlberg

Mark Wahlberg Is #1 On Netflix With His New Movie

Mark Wahlberg has the number one most watched movie on Netflix and this one is really, really…something.

2 years ago

michael jackson the sandman

The Sandman Was Almost Played By A Controversial Pop Star

It looks like before Netflix got its hands on The Sandman, there was a famous pop star who wanted to play the lead role

2 years ago

netflix love death robots

Netflix Facing Major Lawsuit Over One Of Its Best Shows

Netflix is currently staring down a lawsuit having to do with one of its more popular and acclaimed shows.

2 years ago

stranger things finn wolfhard

See Two Of The Best Stranger Things Stars Reunite And Fans Are Loving It

This Stranger Things breakout pair got back together and fans are completely and totally freaking out about it.

2 years ago

fantastic four gender

Netflix Serial Killer Actor To Lead Fantastic Four?

An interesting choice.

2 years ago

sylvester stallone
netflix love death robots

Netflix Rolling Out Ad-Supported Subscriptions, Here’s What They’ll Cost

Netflix is making the next big step for streaming services and adding a new ad-supported subscription option.

2 years ago

tom cruise jack reacher

Tom Cruise Is Getting His Best Movie Added To Netflix

Tom Cruise is one of the great actions heroes of all time, but in this movie coming to Netflix, there’s nothing heroic about him.

2 years ago

lance reddick

Lance Reddick Has Responded To Resident Evil Being Canceled

John Wick’s Lance Reddick has finally spoken up about the cancelation of the recent Netflix Resident Evil series.

2 years ago

Hatchet Wielding Hitchhiker

A Comedy That Kills All Of Its Stars Is Coming To Netflix

There are some wild premises out there, but one of the wildest saw a film kill off some of the most famous people on the planet. That film is coming to Netflix soon.

2 years ago

evan peters quicksilver wandavision

See Evan Peters As An Infamous Serial Killer

Evan Peters is set to take on a brand-new role, which will see the man transform into one of the most infamous serial killers.

2 years ago

the munsters reboot

Rob Zombie’s The Munsters Reboot Release Date Revealed

The Munsters reboot has been teased to fans by Rob Zombie for months, and now we finally know when the film will premiere on Netflix.

2 years ago

netflix resident evil

Resident Evil Has Been Canceled

The axe falls at Netflix again!

2 years ago

Sony, Horizon Zero Dawn
Asghar Farhadi

A Controversial Oscar Winner Is Being Added To Netflix

An interesting choice!

2 years ago

Netflix account sharing

One Of The Most Banned Movies Of All Time Is About To Be On Netflix

One of the most controversial and talked about films is about to hit Netflix, which may introduce a whole new audience to this classic.

2 years ago

mark wahlberg

Mark Wahlberg Had To Be Naked For 12 Hours With Kevin Hart

Mark Wahlberg teamed up with Kevin Hart for a brand-new comedy, but he had to apparently be naked in front of his co-star for 12 hours while shooting.

2 years ago

netflix mindhunter

Netflix Just Accidentally Created A National Monument

Sometimes real life and fiction collide.

2 years ago

umbrella academy season 4
simu liu
Zack Snyder Rebel Moon

Zack Snyder’s Rebel Moon Sequel Already In Development?

It has not taken Netflix long to sign on to Zack Snyder releasing his space epic, Rebel Moon, as the platform has already greenlit a sequel.

2 years ago